Dealers Tell Auto Makers: Send Trucks and SUVs, Not Cars

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Jeff Bennett and Christina Rogers U.S. new-car dealers are telling auto makers to limit production of passenger cars in the face of overwhelming demand for trucks and sport-utility vehicles that is forcing them to offer deep discounts on small ...

Money Is Getting Tighter Faster Than Fed Intended

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Ben Eisen Monetary-policy makers are coming to the grim conclusion that financial markets aren't letting them tighten financial conditions gradually. The problem: The rise of the dollar over the past year and the swift retreat from risk in 2016 ...

Asian Shares Set for Early Losses

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Stocks across Asia look set for another volatile day Friday, heading for a negative open as they track further weakness on Wall Street and in Europe as investors flee for safer investments. Still, early weakness ...

CFPB Rules to Rein In Payday Lenders Won't Cap Rates, Official Says

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

WASHINGTON?New federal rules for high-interest payday loans won't cap interest rates, a top official of the Consumer Financial Protection Bureau told lawmakers Thursday. "We will not establish a usury cap and interest-rate limits on these or any other lending product," ...

Yen Weakens Only Moderately Against Rivals

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Hiroyuki Kachi The yen weakened moderately against its rivals during Asia trade Friday, as Japanese currency authorities' talking failed to give a new direction to the perceived safety of the Japanese currency. The greenback rose to Y112.70 at around ...

Europe's 500 Bills Are Latest Front in Countering Terror Financing

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

BRUSSELS?European finance ministers are meeting Friday to discuss measures aimed at countering the financing of terrorism and will broach the possibility of the European Central Bank withdrawing the ?500 bank note as part of the strategy. "Today we are aiming ...

BOJ Could Consider Further Easing, Says Abe Adviser

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

TOKYO?A close adviser to Prime Minister Shinzo Abe said Friday that the Bank of Japan may call an emergency meeting to undertake additional monetary easing if financial markets remain turbulent. Etsuro Honda, a former finance ministry bureaucrat, said the government ...

Euro-Zone Fourth-Quarter GDP Up 0.3% on Quarter, Up 1.5% On Year

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Nina Adam in Frankfurt and Jason Douglas in London The eurozone economy grew steadily in the final quarter of 2015, but a darkening global outlook and severe financial-market turmoil mean officials at the European Central Bank are expected to ...

EUROPE MARKETS: European Stocks Bounce Back, As Banks Revive

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Carla Mozee, MarketWatch Commerzbank rises on dividend news European stocks jumped Friday, coming back from a sharp selloff in the previous session, and held to higher ground after the release of economic growth figures for the eurozone. The Stoxx ...

Japanese Stocks Fall to Lowest Levels in More Than a Year

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

Japanese stocks plummeted Friday morning, plumbing their lowest level in more than a year and leading Asian markets down after a selloff in U.S. and Europe overnight. Japan's benchmark Nikkei was down 3.7% after a holiday on Thursday, its lowest ...

Nymex Oil Futures Rebound From 12-Year Low -- Update

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Biman Mukherji Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery in March traded at $27.68 a barrel ...

Origin Energy to Sell Mortlake Terminal Station

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Origin Energy Ltd. (ORG.AU) is selling a terminal connecting a gas-fired power station with the electricity market in Australia's southern Victoria state, as part of the energy company's efforts to garner 800 million Australian dollars ...

Russia Consumer Inflation Set to Slow Further in February

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Andrey Ostroukh MOSCOW--Consumer inflation in Russia is set to slow further in February, the central bank said Friday. Annual inflation is seen slowing to 8.3%-8.8% in February from 9.8% in January. Inflation has slowed to single-digit readings thanks to ...

EUROPE MARKETS: European Stocks Bounce Back, With GDP In View

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Carla Mozee, MarketWatch Commerzbank rises on dividend news European stocks rose Friday, coming back from a sharp selloff in the previous session, ahead of the release of economic growth figures for the eurozone. The Stoxx Europe 600 gained 1.3% ...

Italian Banks Close In on Merger

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

MILAN--Banco Popolare SC Chief executive Pier Francesco Saviotti said Friday he hopes to close a merger agreement with Banca Popolare di Milano in a little more than a week's time, clinching a deal that would create Italy's third largest banking ...